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Which of the following statements is true? LIFO costing requires physical flow of goods to be representative of the cost flow. FIFO costing requires physical
Which of the following statements is true?
LIFO costing requires physical flow of goods to be representative of the cost flow.
FIFO costing requires physical flow of goods to be representative of the cost flow.
Averagecost costing requires physical flow of goods to be representative of the cost flow.
Specific identification costing requires physical flow of goods to be representative of the cost flow.
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